HDFC Asset Management Company Ltd. debuts with 58.09% premium at Rs 1,739.00
06/08/2018 18:20
HDFC Asset Management Company Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,739.00 on the Bombay Stock Exchange, a 58.09 per cent premium to its issue price of Rs 1,100.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 25.46 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 2,545.76 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 25 to Jul 27.

Following a strong opening, the scrip touched an intraday high of Rs 1,842.95 and a low of Rs 1,730.00, before closing the session up by 65.01 per cent to its listing price at Rs 1,815.15 on the BSE.

The company anticipates using the proceeds of the issue for .

Axis Capital Ltd.,JP Morgan India Private Limited.,IIFL Holdings Limited,Morgan Stanley India Company Private Limited,Citigroup Global Markets India Private Limited,Kotak Mahindra Capital Company Limited,Nomura Financial Advisory & Securities (India) Pvt,HDFC Bank Ltd.,JM Financial Ltd.,DSP Merrill Lynch Ltd.,CLSA India Private Limited,ICICI Securities Limited as lead managers & KARVY COMPUTERSHARE PRIVATE LIMITED is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 37,691.89, up 135.73 points, or 0.36 per cent.